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20100918
20100918
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a statement saying how difficult 2009 was. stephen, why are so many poor in this country? >> we just had a terrible recession we're still in. any time the economy takes a nosedive like we've seen in the last couple years, that's going to cause a plunge in people's incomes. unfortunately, tom, the people that get hurt most in recessions are lower ends of the income scale. rich person sees a drop in the income, it means instead of buy a porsche, they buy a bmw. for a poor person, it's hard to pay the bills. when we get into a recovery, we'll start to see poverty rate reduce and incomes rise, not just for rich but everyone. >> short answer here, does this have any affect on the fact savings dropped so low there was no pad. >> for the first time in 15 years savings rates are starting to come up. people learned the lesson. >> i'm not sure the white house is thrilled when they want spending now. >> understand the thing with the savings rate is we have folks that have been out of work for over a year. before this recession we were telling folks to have three to six months worth of savings, if y
a fairly easy conviction or are there difficulties particularly because stephen hayes, the first of the defendants being tried, there are some questions as to whether his attempted suicide may have made him cognitively incapable of carrying out this trial. >> i hate to ever say a case is a slam-dunk. as a former prosecutor i know that is never the case. in this particular case, i think the evidence is very overwhelming. i've been following it very closely, as much of america is, because it really strikes at one's heart. this is a home invasion. someone invade the sanctity of someone's home. the fact he has been found able to stand trial, competent to stand trial and has been ill, this defendant, during the trial doesn't mean this is not going to end, i think, in a guilty conviction. >> would it be too late for his attorneys to say let's pursue an insanity plea in is it too late for them to change his plea? >> it is. the insanity defense is off the table. however, they did want a plea deal here. they wanted to plead guilty to this horrific series of crimes in return for the prosec
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